Retirement plan

THE CONVERSE PROFESSIONAL GROUP 401(K) PLAN

Name: THE CONVERSE PROFESSIONAL GROUP - THE CONVERSE PROFESSIONAL GROUP 401(K) PLAN (2023) Form 5500
Creator: THE CONVERSE PROFESSIONAL GROUP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE CONVERSE PROFESSIONAL GROUP 401(K) PLAN, THE CONVERSE PROFESSIONAL GROUP

THE CONVERSE PROFESSIONAL GROUPEIN 95-4020122Plan #002PY 2023

717 S. MYRTLE AVE. - MONROVIA, CA 91016626-930-1200

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$16.1M

+12.2% from 2022

Total participants

150

-13.3% from 2022

Average account balance

$117,280

+18.8% from 2022

Annual return

19.96%

+38.85 pp from 2022

Benchmarks

See 6,235 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,235 peers

Snapshot2023

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$18.78M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$137K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

137

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

80.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$621K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+17.85%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$240

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INS CO OF AMERICA Service code 64	Recordkeeping Fees	$20,234
DOUGHERTY & COMPANY2 years Service code 10 500 N CENTRAL AVE STE 325 · GLENDALE, CA 91203	Accounting	$9,600
LEAFHOUSE FINANCIAL ADVISORS, LLC7 years Service code 27	Advisory (Plan)	$7,247
AMERICAN UNITED LIFE INSURANCE CO4 years Filed as: ONEAMERICA SECURITIES Service code 55	Other Commissions	$5,646
AMERICAN UNITED LIFE INSURANCE CO4 years Filed as: ONEAMERICA SECURITIES INC Service code 55	Other Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$31K

$288 / participant

Other / not subdivided$31K100.0%

% of EOY assets

0.192%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DOUGHERTY & COMPANY
Auditor EIN: 953871065
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$117,280

$91,417+28.3%

$135,925-13.7%

$71,476+64.1%

Participation rate

87.9%

75.7%+12.2pp

81.9%+5.9pp

67.9%+19.9pp

Annual return

19.96%

29.90%-9.9pp

68.25%-48.3pp

28.85%-8.9pp

Employer contribution / active EE

$1,633

$3,704-55.9%

$4,857-66.4%

$2,589-36.9%

Participant deferral / active EE

$4,088

$7,093-42.4%

$7,759-47.3%

$4,290-4.7%

Admin fee / account holder

$225

$1,266-82.3%

$10,764-97.9%

$1,587-85.8%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INS CO OF AMERICA

Service code 64

Recordkeeping Fees

$20,234

DOUGHERTY & COMPANY2 years

Service code 10

500 N CENTRAL AVE STE 325 · GLENDALE, CA 91203

Accounting

$9,600

LEAFHOUSE FINANCIAL ADVISORS, LLC7 years

Service code 27

Advisory (Plan)

$7,247

AMERICAN UNITED LIFE INSURANCE CO4 years

Filed as: ONEAMERICA SECURITIES

Service code 55

Other Commissions

$5,646

AMERICAN UNITED LIFE INSURANCE CO4 years

Filed as: ONEAMERICA SECURITIES INC

Service code 55

Other Commissions

THE CONVERSE PROFESSIONAL GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE CONVERSE PROFESSIONAL GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion